TOKYO -- Electronics maker NEC will acquire KMD Holding, Denmark's largest information technology business, as the Japanese company aims to tap growing public-sector demand for digital services.
NEC will buy the company from U.S.-based private equity firm Advent International for about 8 billion Danish kroner ($1.22 billion), the Japanese company said Thursday. The deal, NEC's second-biggest acquisition ever, is expected to be completed at the end of February.
